Hayward Expected to Depart BP

BP is expected to announce the departure of Tony Hayward, its chief executive, in the next 24 hours, according to people close to the UK oil company. Mr Hayward is likely to stay on for two months, while the company permanently seals the leaking oil well in the Gulf of ­Mexico, but then depart with a £1m pay-off and a £10m pension pot – The FT